Blue growth and innovation fast tracked

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The development of a world leading Marine Renewable Energy (MRE) industry in the Atlantic regions represents a fantastic opportunity to stimulate economic development in these more peripheral areas. Combating climate change and securing energy supply are also major issues and MRE represents a substantial and as yet largely untapped asset which will help reduce greenhouse gas emissions by bringing highly productive renewable technologies closer to the market. Blue-GIFT will help Atlantic Area companies test the next generation of MRE technology in real sea environments and prove power can be economically generated from the ocean. The project will implement a coordinated MRE technology demonstration programme that encourages longer term demonstration and technology de-risking. This will maximise the use of government funded infrastructure across the regions to demonstrate a minimum of 8 MRE floating wind, wave or tidal pre-commercial technologies, working with over 20 SME's, sustaining 30+ jobs and helping to secure €15M investment into MRE companies.

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